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HLM Venture Partners Closes $65M Round for Third Fund

Boston-based HLM Venture Partners has closed a $65 million first fundraising round for its third fund, Dow Jones VentureWire reported today. The firm, which focuses on investments in medical-device firms and healthcare information technology and services, hopes to raise a total of $200 million for its HLM Venture Partners III LP fund. The first round, closed late last year, came from some of the firm’s existing limited partners, HLM partner Edward Cahill told VentureWire.